Macquarie Bank vs ING home loans November 2026
Ratesniffers checked this pair on 9 November 2026, and Macquarie Bank and ING cannot be given a two-sided rate winner: ING has no exact owner-occupier principal-and-interest row at 80% LVR in that snapshot. This page therefore publishes no rate, no spread and no winner, and compares fees, features and policy only.
Rates checked 9 November 2026 · checked daily against each lender's current published pricing · machine-readable at /rates.json
Macquarie Bank vs ING at a glance
| Feature | Macquarie Bank | ING |
|---|---|---|
| Compared product | Unavailable | Unavailable |
| Variable rate and comparison rate | Unavailable | Unavailable |
| 3-year fixed rate and comparison rate | Unavailable | Unavailable |
| Scope of the compared rate | Unavailable | Unavailable |
| Published LVR scope | The sharpest new-purchase tier is priced at up to 60% of property value | Lends to 95% for owner-occupiers and 90% for investors, with insurance above 80% |
| Offset | The Offset Home Loan carries the offset account and the Basic Home Loan does not | The Orange Advantage offset works only while the loan is linked to an ING Orange Everyday account |
| Redraw | Available on at least one tracked product | Available on at least one tracked product |
| Package fee | No package fee, and $248 a year on the Offset Home Loan | $299 a year on the Orange Advantage, nil on the Mortgage Simplifier |
| First home buyer scheme | Not stated by the lender, so no claim is made | Not on the participating lender list when checked |
| Products tracked | 80 | 80 |
| Approved cashback register | Unavailable | Unavailable |
Promoted rate comparisons require exact owner-occupier principal-and-interest rows at 80% LVR from the snapshot dated 9 November 2026, on both sides. “Unavailable” means a two-sided comparison cannot be substantiated, not that a lender has no product or no such feature.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Have two written offers? Enter the interest rate and fees from each quote below to compare their estimated costs. The calculator starts blank and does not use the snapshot rates or establish which lender will approve you.
Compare the cost of two home loan offers
Enter your own rates and fees to compare two principal-and-interest loans over the same period. This illustration is not a lender quote or approval.
Model limits: This uses constant annual interest rates and monthly amortisation; it does not model a fixed-rate expiry or an interest-rate reset. Fees are paid separately. Ongoing fees are assumed unchanged and charged monthly. Include any annual package fee as a monthly equivalent; this does not model its actual annual due date. Fees not entered, including package, exit and break fees, are excluded. The model also excludes offsets, redraw, extra repayments, rate changes, fee changes, refunds, cashback and taxes. Lenders may calculate interest daily and charge fees differently. Compare actual lender quotes and eligibility. This is not the statutory comparison rate, which uses a standard $150,000 loan over 25 years.
Is Macquarie Bank or ING cheaper?
No cheaper-of-the-two answer is published for Macquarie Bank and ING. ING has no exact owner-occupier principal-and-interest row at 80% LVR in the snapshot dated 9 November 2026, so a matched comparison cannot be made without guessing a number. The fee, feature and policy comparisons below are unaffected and stay verified.
Compare the product, then the lender
Macquarie Basic and Offset are different facilities. ING Mortgage Simplifier and Orange Advantage also have different fee and feature arrangements. A repayment comparison alone cannot price an offset account or establish which product suits you. Check that the product on your written quote is the one whose features you are comparing here.
| Named product | Annual loan or facility fee | Offset or access arrangement |
|---|---|---|
| Macquarie Basic | $0 | No offset accounts. Variable-rate redraw is available. |
| Macquarie Offset | $248 | Up to 10 offset accounts per variable-rate loan account. Offset benefits do not apply to a fixed-rate loan account. |
| ING Mortgage Simplifier | $0 | The product page describes extra repayments and redraw. ING offers its linked offset through Orange Advantage. |
| ING Orange Advantage | $299, non-refundable | 100% interest offset when linked to Orange Everyday with funds deposited in that account. |
Both lenders list no ongoing monthly loan fee on these products. Other charges still apply: for example, Macquarie lists a $350 documentation fee on both facilities. Establishment, discharge, government and other costs are outside this recurring-fee table. An offset account is separate from redraw. Confirm the linked loan account, access terms and exact quoted fees before comparing costs.
How much offset balance covers the annual fee alone?
At a hypothetical 6% annual interest rate, a constant full-offset balance of about $4,134 avoids $248 of interest a year; about $4,984 avoids $299. These are rounded-up, fee-only thresholds, calculated as annual fee divided by 0.06. They assume the same interest rate with and without offset, a full year and an unchanged balance. They are not quotes for either lender or a recommendation to choose an offset loan.
| Hypothetical annual interest rate | $248 fee | $299 fee |
|---|---|---|
| 4% | $6,200 | $7,475 |
| 6% | $4,134 | $4,984 |
| 8% | $3,100 | $3,738 |
A different quoted rate can outweigh the $51 annual fee difference. For a different quoted rate and an estimated average full-offset balance, use the offset quote comparison. The written-offer calculator on this page compares entered interest and fees without an offset balance. Neither calculation establishes approval or eligibility.
For a manual repayment comparison, use each product's written quote. Use advertised interest rates, the same balance, term and repayment type. Comparison rates are statutory examples, not repayment inputs. The repayment example excludes fees, offset balances and switching costs. Product features were checked separately against the Macquarie comparison, Macquarie facility guide, Orange Advantage and Mortgage Simplifier pages.
Macquarie Bank versus ING on fees
Fees as at 2 September 2026. Macquarie Bank lists no package fee, and $248 a year on the Offset Home Loan. ING lists $299 a year on the Orange Advantage, nil on the Mortgage Simplifier. The comparison rate folds ongoing fees into the figure, so a sharper headline rate paired with a higher annual fee can finish behind a plainer loan.
Macquarie Bank versus ING for refinancing
Refinancing as at 2 September 2026. Macquarie Bank: pre-approval is usually available within one business day and holds for 90 days. ING: the no-annual-fee Mortgage Simplifier is advertised at 80% of property value or less, from $150,000. A refinance turns on the comparison rate, the exit and establishment costs on both sides and the LVR the new valuation lands you at.
Macquarie Bank versus ING for first home buyers
First home buyers, as at 2 September 2026. On the Australian Government 5% Deposit Scheme participating lender list, Macquarie Bank does not state its position and ING was not listed when checked. Eligibility rules and property price caps apply either way, and a lender that is not listed can still lend at a low deposit with lenders mortgage insurance payable.
Which suits an investor?
For an investor, as at 2 September 2026. Macquarie Bank: the investor range shows a highest tier of 90% LVR on principal and interest loans. ING: lends to 90% of property value for investors, with insurance where applicable. Investor pricing, interest-only terms and LVR ceilings sit apart from the owner-occupier row this page compares.
Who should choose Macquarie Bank
Macquarie tends to suit refinancers and buyers with clean applications and deposits of 20% or more, where its pricing and turnaround are at their strongest. The comparison table above is the price check, and this section is the fit check. Features, service model and eligibility all move the outcome on a real file.
Who should choose ING
ING tends to suit borrowers comfortable doing everything digitally who want consistently sharp pricing without paying for a branch network they never use, and specifically owner-occupiers paying principal and interest with a deposit of 20% or more, which is the gate on its no-annual-fee Mortgage Simplifier. The comparison table above is the price check, and this section is the fit check.
Head-to-heads that share a lender with this one: Ubank vs ING, Ubank vs Macquarie Bank, CommBank vs Macquarie Bank. Full product detail sits on the Macquarie Bank and ING lender pages, with the candid write-ups on the Macquarie Bank review and the ING review.
Not sure which one fits your scenario?
Advertised rates aren’t always the rate a lender approves. Get the sharper of the two negotiated against your specific numbers, at no cost.